The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-11
Local and State Notes.

The l.. B. & w. road earned in March s243.-
$40; increase over earnings for the correspond
ing month, 1885, $39,63L
The Pennsylvania Railroad Company propose
to build. this season, frst-class passenger sta
ton at Logansport The plans for the station
house are already prepared.
Theodore Haberkorn master mechanic on the
Fort Wayne, Cincinnati & Louisville, is the in
ventor of an air brake that is highly spoken of,
and equal, If not superior. to the Westinghouse.
The net earnings of the c.. l., ST. L. & c.
road for the eight months of it's fiscal year end
ing March / were $75, $50. 90 increase over net
earnings the corresponding period last year,
$6,65lS4.
Henry Hardee, master mechanic on the L. &
n. road, and formerly on the c., l., ST. L. & c.,
has resigned to take more important position
on a Texas road. Mr.. Hardee left yesterday
for Dallas.
During the week ending April there were
transferred over the Belt road 9,l12 cars.
against 6.844 the corresponding week, 1886.
Belt-road engines last week handled $50 carloads
of live stock, against 465 the corresponding
week last year.
railroad circles spent the Sabbath in the city
He is now general freight and passenger agent
of the Prescott e Arizona Central road, and the
object of his visit here is to got some good rail-
road men to take back with him.
A A. Talmage and other Western railroad
East aiding in the effort to so harmonize mat
tiers that the Wabash proper may be taken out
of the courts and consolidated again with the
Western portion of the system. Both the East
ern and Western systems suffering in their
business through the disturbed relations be-
tween the two interests.
The Chicago & Ohio River pool has dwindled
down to a statistical bureau. the Joint agent be-
ing instructed to report tonnage and rate mat
tiers to the commissioner of the Central Traffic
c n az at m ont nfr
ages in the old pool yet to be made, and before
all balances are settled some Earring is looked
for. as the roads which have run ahead of their
percentages dislike to turn over earned money to
even up matters
The management of the Lake Erie &, Western
road have instructed their chief engineer to ex.
anime the old l., P. & c.. buildings on East Ma
ryland street and the surrounding ground, with
a view of making such improvements that their
general Offices, which it Is proposed to remove
here, can be located in this building. The plan
is to put third story, with Mansard roof, on
the present building. and cover the ground be-
tween the Office building and the freight depot
with three-story building
1t is believed that the Kneeand syndicate,
which purchased the Toledo. Cincinnati G. ST.
Louis narrow gauge road, is nearing the end OF
the lengthy litigation which they have been sub
jected to. as all rulings of the United States
courts Of late have been favorable to the pur
chasers 1t is stated that the purchasers will
now go ahead and improve the property, making
it standard gauge and properly equipping it. The
road passes through good towns in this State and
! in Illinois, and if we'll prepared for doing bust
ness would doubtless get its full share
On Saturday last the ticket agent of the Penn
sylvania road at Logansport refused TO sell a
! party of twelve tickets to San Diego reading
over the Chicago 81 Alton road, Western con
nection of the Pennsylvania lines which the
| Pennsylvania company have boycotted. He
| offered to sell the party tickets reading over
! competing line of the c. & \. A representa-
tive of the Chicago & Alton will this morning
| go TO Logansport with instructions, should
the Pennsylvania agent still refuse to sell the
tickets via their line, to bring the matter before
| the United States courts under the discrimina
tioD clause of the new Law.
| j. d. Campbell. general solicitor for the syndi-
cate controlling the l.. b. & w. and c.. S. & G.
interests, expects that By the middle of July the
/ consolidation scheme will be perfected. well
| is the exchange of bonds and stocks pro
crossing Under the reorganization plan the
roads will be known as the Columbus, Indian
apolis & Western The first mortgage will bt
sl2 800 600, the second. g, 000 000 each bearing
per cent. interest. The preferred stock will
amount TO SIS. 325 900, the common to $40 600. 600
/ These securities cover 51S miles OF road, which
the bonded debt will he PC. 500 per mile, and the
preferred stock $l5, 900 per mile. The net earn
| incs Of the road for the last fiscal year wer,
$639,7S3 The cost of operating the road was 81
per cent. of the gross earnings. After the reor
ganization is perfected, with the economies eve
incident 10 consultations. it is believed that tn
road will be operated on 60 per cent Of the gros